OXE MARINE RECEIVES ORDERS WORTH SEK12M (USD1.1M) FROM UNITED STATES DEFENSE LOGISTICS AGENCY

ÄNGELHOLM, Sweden, June 22, 2023 /PRNewswire/ -- OXE Marine Inc (US), a subsidiary of OXE Marine AB (publ), has received two orders totaling 14 OXE300 HP diesel outboard engines, including spare parts and C-CRES mobility support, for the U.S Navy's continued use in their ongoing test and evaluation program for research and development objectives of diesel outboard engine technology for possible future operational applications. The total value of the orders amounts to SEK12M (USD1.1M), and delivery of the products is planned for June this year.

"We are very excited about this opportunity to work with the Defense Logistics Agency. Our efforts to continue to grow the diesel outboards market is gaining momentum with increasing interest in OXE Marine's unique technology in the marine market," says Paul Frick, CEO of OXE Marine.

Certified Adviser 
FNCA Sweden AB is Certified Adviser for OXE Marine AB (publ). Contact details to FNCA Sweden AB: tel. +46 8 528 00 399, e-mail info@fnca.se. 

For further information, please contact: 
Paul Frick, CEO, OXE Marine AB, paul.frick@oxemarine.com, +46 70 325 06 20
Jonas Wikström, Chairman of the board, jonas.wikstrom@oxemarine.com, +46 70 753 65 66

The following files are available for download:CMMCF

https://mb.cision.com/Main/16067/3792687/2147963.pdf

20230622_navy_en Final

 

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SOURCE OXE Marine AB